Ontario · Receivership (court-appointed)
Application Record of the Applicant dated May 21, 2026
Application / notice of application · 21 May 2026
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- applicantCANADIAN IMPERIAL BANK OF COMMERCE
- courtSUPERIOR COURT OF JUSTICE
- court file noCL-26-00000229-0000
- statutory basissection 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended; and section 101 of the Courts of Justice Act, R.S.O 1990, c.C-43, as amended
- commencement date20 May 2026
- appointeeBDO CANADA LIMITED
- appointee roleProposed Receiver
- secured creditorsnote: Aggregate outstanding indebtedness of the Debtors as of May 12, 2026, excluding professional fees, disbursements and accruing interest (stated identically at paras 8 and 43 of the Monteiro Affidavit/Notice of Application). An earlier exact dated balance is set out in demand letters dated March 9, 2026 (Exhibit M): Total as at March 5, 2026 = $2,492,023.24 (Revolving Loan principal $2,480,478.30 + accrued interest $1,210.74 + fees $156.00; VISA principal $10,178.20 + accrued interest $0.00). A personal limited guarantee of $1,000,000 was also given by Derek Rider (director/officer of the Debtors) dated December 12, 2023; considered unlikely to be recoverable per May 15, 2026 update from proposed monitor Baigel. · page: 11 · as of: 2026-05-12 · amount: 2515788.85 · debtor: Media One Creative Inc., Media One Group Holdings Inc., Media One Creative USA Inc., 130 QQE Holdings 2020 Inc. and Rider Enterprises Inc. (aggregate) · creditor: Canadian Imperial Bank of Commerce (CIBC) · currency: CAD · security: General Security Agreements executed by each of the five Debtors on December 8, 2023, perfected by PPSA registration on December 14, 2023 over all present and after-acquired personal property (CIBC indicated as first-ranking secured creditor per PPSA searches current to February 1, 2026); unlimited guarantees and postponements of claim from Media One Holdings, Media One USA, 130 QQE Holdings 2020 Inc., and Rider Enterprises (Dec 8, 2023); EDC guarantee of the Demand Facility limited to $2,500,000
- secured creditorspage: 23 · debtor: Rider Enterprises Inc. · creditor: Honda Canada Finance Inc. · currency: CAD · security: Registered PPSA security interest (amount/collateral not specified in the record)
- secured creditorsnote: Per Priority Agreement dated December 19, 2023 (Exhibit J) among BDC, CIBC and Media One Creative, BDC postponed and subordinated its registered security interest in Media One Creative's present and after-acquired personal property to CIBC's security in Media One Creative's Inventory and Accounts Receivable. No balance owing to BDC is stated in the record. · page: 23 · debtor: Media One Creative Inc. (one registration); 130 QQE Holdings 2020 Inc. (two registrations); Rider Enterprises Inc. (one registration) · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: Registered PPSA security interests (blanket all-property type); registered principal/limits not stated